£147,737
This estimated value is based upon the latest sale price for the house of £135,250 on 15 Oct 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £135,250 | 15 Oct 2021 |
| Semi-Detached |
| Freehold |
| Floor Area: 71 sq meters or 764 sq feet |
This model uses changes in the Official Land Registry House Price Index for TYNE AND WEAR to estimate the market value.
When this house was purchased in October 2021 the House Price Index for TYNE AND WEAR was 134.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 9.233%.Applying this 9.233% change to the original purchase price of £135,250 results in an estimated price of approximately £147,737.
| 15 Oct 2021 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 134.3 | 146.7 | 9.233 % | £135,250 | £12,487 | £147,737 |
The Postcode Pricing Model uses changes in average sales price within the NE3 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 38.598 % | £52,204 | £187,454 |
| 3 Month Average | 0.637 % | £862 | £136,112 |
| 6 Month Average | -1.996 % | £-2,699 | £132,550 |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 1 Jun 2021.
The average size of a house on FARNON ROAD is 84 sq meters (908 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Jubilee Road | |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Welford Avenue |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Welford Avenue |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Agnes Maria Street |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Agnes Maria Street |